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SHELBY, IA 51570

Real Estate Market Report  ·  Shelby County
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The SHELBY, IA real estate market (51570) currently shows 3 active listings, with 1 pending sales. Homes are averaging 25 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 25 days on market compared to 28 days last year.

The median listing price has fallen 28.6% year-over-year, from $377,500 to $269,500.

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Market Context

Market Context

Population: 974  ·  Density: 5.9/mi²  ·  Median household income: $65,089

Typical home value: $163,425  ·  Homeownership: 69.9%

Market Overview

Active Listings
3
⇩ 25% vs 4 last year
Pending
1
33% pending ratio
Median Price
$269,500
⇩ 28.6% vs $377,500 last year
Average Price
$269,500
⇩ 21.5% vs $343,125 last year
Days on Market
25
⇩ 10.7% vs 28 days last year

Price Per Square Foot

Median $/sqft
$94
⇩ 17.5% vs $114/sqft last year
Median Home Size
3,120 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
—

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 4 last year
  • Days on market: 25 now vs 28 last year

Median & Average Pricing

Year over Year
  • Median: $269,500 (-28.6% YoY)
  • Average: $269,500 (-21.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.0 miles — 67 listings ($19,177,404 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
51570Shelby, IA 515700.0 mi2$812,500$406,250$406,250
51563Persia, IA 515637.9 mi4$862,000$215,500$215,500
51565Portsmouth, IA 515659.1 mi1$475,000$475,000$475,000
51537Harlan, IA 5153712.1 mi30$7,680,150$226,975$256,005
51578Westphalia, IA 5157814.0 mi1$140,000$140,000$140,000
51576Underwood, IA 5157616.3 mi3$825,000$275,000$275,000
51530Earling, IA 5153018.0 mi1$165,000$165,000$165,000
51531Elk Horn, IA 5153119.7 mi6$976,002$159,000$162,667
51579Woodbine, IA 5157920.3 mi8$2,454,000$288,750$306,750
51575Treynor, IA 5157520.8 mi3$1,566,750$522,250$522,250
51543Kimballton, IA 5154322.1 mi0$0$399,000$399,000
51544Lewis, IA 5154423.3 mi2$322,000$161,000$161,000
51526Crescent, IA 5152624.0 mi6$2,899,002$483,167$483,167

Frequently Asked Questions

How many homes are for sale in SHELBY, IA 51570?

As of September 2026, there are 3 active listings in SHELBY, IA (zip code 51570), compared to 4 the prior year.

What is the median home price in SHELBY, IA 51570?

The median listing price in SHELBY, IA 51570 is $269,500 as of September 2026, a 28.6% decrease from $377,500 the prior year.

How long do homes stay on the market in SHELBY, IA?

Homes in SHELBY, IA 51570 spend an average of 25 days on the market before going under contract, compared to 28 days the prior year.

Is it a seller's or buyer's market in SHELBY, IA 51570?

Based on current inventory and days-on-market data as of September 2026, SHELBY, IA 51570 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 25 days on market compared to 28 days last year.

How much can I save on real estate commission in SHELBY, IA?

With SELL123.com's maximum 3% commission, sellers in SHELBY, IA 51570 save an estimated $5,390 compared to a typical 5% commission on the median listing price of $269,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.